Consider the Regression Equation: Y = 98

question 66

Multiple Choice

Consider the regression equation: Y = 98.3 +.35X1 + 22.3X2, the predicted value for Y when X1 = 3 and X2 = 5 is ____.

• A) 67.23
• B) 98.34
• C) 118.45
• D) 210.85

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Definitions:

Union Membership

Refers to the state of being a member of a labor union, which is an organization that represents the collective interests of workers in negotiations with employers over wages, working conditions, and benefits.

Right-to-Work Laws

Legislation that secures the right of employees to decide whether or not to join or support a union.

Taft-Hartley Act

A U.S. federal law enacted in 1947 that restricts the activities and power of labor unions.

Sherman Antitrust Act

A landmark federal statute passed in the United States in 1890 aimed at preserving free competition by prohibiting monopolistic business practices.